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Re: Gen: Trading Survival Rule



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I usually toy with them, i.e....

"Gold? Gee, I just bought 20 ounces this morning. You should of called me
yesterday..."

"Heating Oil options? Gosh, I loaded up on ten of them yesterday and the
broker only charged me a $200 commission for each!"




>I have found the best way to put off the many "Salesmen" who call me on the
>telephone almost weekly selling me the "Opportunity of a Lifetime" is to
>simply state. Send me the past 3 years of your tax returns, If you have made
>more money than I have, then I will be interested in looking your offer. To
>date I have never heard from any of these snakes again.  Good trading.
>-----Original Message-----
>From: Ira <ist@xxxxxx>
>To: RealTraders Discussion Group <realtraders@xxxxxxxxxxxxxx>
>Date: Saturday, October 17, 1998 5:29 PM
>Subject: Re: Gen: Trading Survival Rule
>
>
>>That is good advise and stay away from high pressure brokers who call twice
>a
>>day.  I have yet to have them give me a winner.  I have never taken a trade
>>from a cold call broker. It appears their sole job is get rid of positions
>for
>>their firm that are going to go bad.  Ira
>>
>>BrentinUtahsDixie wrote:
>>
>>> I saw the story of a Florida couple that invested their entire life
>>> savings(about $185,000) in some sort of sporting investment. The point
>here
>>> is that they didn't invest 1/2 or even 2/3 of their savings they invested
>>> it all and of course they lost it all. So for those that didn't see this
>>> rule before, here is a simple rule that can save your bacon.
>>>
>>> Survival rule #1, never speculate beyond your ability to absorb the loss
>>> and say afloat (no matter how good the investment looks or sounds).
>>>
>>> Brent
>>
>>
>>
>>